PCMC Pune earned Rs 37 Crore from Property Tax
Property owners in Pimpri Chinchwad should pay the property tax of first six months of 2011-12 till September 30 to avoid paying fine. Property tax for the remaining six months of 2011-12 should be paid till December 31 to avoid paying fine which will be charged at the rate of 2% per month from January 2012 onwards.
PCMC earned Rs 37 crore property tax with a concession of Rs 1.3 crore from 42,565 people from Pimpri Chinchwad in August this year. The civic body would have collected not more than Rs 15 crore to Rs 20 crore if the 10% tax concession scheme was not in place.
The civic general body approved a resolution on July 20 to offer the concessions. So, only those property owners who paid the tax in August as advance are eligible for the concession.
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